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LAURENS ELECTRIC COOPERATIVE INC

EIN 57-0196563 LAURENS, SC

Largest nonprofits in South Carolina

Revenue 2024
$163,057,774
Expenses 2024
$163,057,774

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
12
NTEE code
W80
Classification
4000
Street
PO BOX 700

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

  • TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHTEST STANDARDS OF SERVICE.

  • N/A

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Matthew D Stanley

    PRES & CEO

    Total calculated
    $441,278
    From this org
    $325,606
    From related orgs
    $0
    Other
    $115,672
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $288,055
    Bonus
    $26,614
    Other
    $10,937
    Deferred
    $93,145
    Nontaxable benefits
    $22,527
    Filer's total
    $441,278
  • Nathan Brown

    VP-ENGINEER&

    Total calculated
    $357,473
    From this org
    $247,383
    From related orgs
    $0
    Other
    $110,090
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $222,434
    Bonus
    $17,000
    Other
    $7,949
    Deferred
    $87,563
    Nontaxable benefits
    $22,527
    Filer's total
    $357,473
  • Jim Donahoo

    VP MARKETING

    Total calculated
    $323,289
    From this org
    $220,340
    From related orgs
    $0
    Other
    $102,949
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $200,942
    Bonus
    $13,114
    Other
    $6,284
    Deferred
    $80,422
    Nontaxable benefits
    $22,527
    Filer's total
    $323,289
  • Chad Armstrong

    VP OF HUMAN

    Total calculated
    $320,449
    From this org
    $218,861
    From related orgs
    $0
    Other
    $101,588
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $197,676
    Bonus
    $15,000
    Other
    $6,185
    Deferred
    $79,061
    Nontaxable benefits
    $22,527
    Filer's total
    $320,449
  • Christopher J Miers

    VP,MEMBER SE

    Total calculated
    $306,772
    From this org
    $208,045
    From related orgs
    $0
    Other
    $98,727
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $189,560
    Bonus
    $12,500
    Other
    $5,985
    Deferred
    $76,200
    Nontaxable benefits
    $22,527
    Filer's total
    $306,772
  • Daniel Ott

    VP OF IT

    Total calculated
    $258,649
    From this org
    $173,559
    From related orgs
    $0
    Other
    $85,090
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $155,884
    Bonus
    $13,041
    Other
    $4,634
    Deferred
    $62,563
    Nontaxable benefits
    $22,527
    Filer's total
    $258,649
  • Marcus Cook

    TRUSTEE

    Total calculated
    $59,893
    From this org
    $59,893
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Joe T Nicholson

    TRUSTEE

    Total calculated
    $36,225
    From this org
    $36,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Mitchell Powers

    SECRETARY/TR

    Total calculated
    $35,038
    From this org
    $35,038
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Charles E Adair

    CHAIRMAN

    Total calculated
    $33,194
    From this org
    $33,194
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • William Hendrix

    VICE CHAIRMA

    Total calculated
    $29,753
    From this org
    $29,753
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Eddie Abrams

    TRUSTEE

    Total calculated
    $27,698
    From this org
    $27,698
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Jimmie Perry

    TRUSTEE

    Total calculated
    $25,948
    From this org
    $25,948
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Reid Fisher

    TRUSTEE

    Total calculated
    $21,848
    From this org
    $21,848
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Janice Cunningham

    TRUSTEE

    Total calculated
    $11,953
    From this org
    $11,953
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $163,057,774
    Expenses
    $163,057,774
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    $148,922,807
    Expenses
    $148,922,807
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $148,035,106
    Expenses
    $148,035,106
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $144,172,807
    Expenses
    $144,172,807
    Assets (EOY)
    $287,933,244
  • 2020 · 990

    Revenue
    $139,112,722
    Expenses
    $139,112,722
    Assets (EOY)
    $266,679,590
  • 2019 · 990

    Revenue
    $142,209,408
    Expenses
    $142,209,408
    Assets (EOY)
    $242,377,887
  • 2018 · 990

    Revenue
    $144,879,548
    Expenses
    $144,879,548
    Assets (EOY)
    $225,319,700
  • 2017 · 990

    Revenue
    $133,088,013
    Expenses
    $133,088,013
    Assets (EOY)
    $217,398,156
  • 2016 · 990

    Revenue
    $131,794,573
    Expenses
    $131,794,573
    Assets (EOY)
    $210,674,750
  • 2015 · 990

    Revenue
    $128,133,067
    Expenses
    $128,133,067
    Assets (EOY)
    $215,294,979
  • 2014 · 990

    Revenue
    $128,485,033
    Expenses
    $128,485,033
    Assets (EOY)
    $201,133,418
  • 2013 · 990

    Revenue
    $119,720,642
    Expenses
    $119,720,642
    Assets (EOY)
    $193,851,978

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2024 return

  • ALARM MONITORING CENTER OF SC LLC

    SECURITY A · SC · income -$3,222 · assets $84,352

  • 1939 LAND MANAGEMENT LLC

    LAND DEVEL · SC · income -$90,990 · assets $10,814,434

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.